Kurdish-led authorities in northeast Syria are losing their hold on the country’s largest oil fields as foreign investors look for opportunities.
Iraq begins nationwide production shutdowns
With exports halted by war, Iraq has limited options to keep fields operating and has begun taking millions of barrels of daily production offline.
Oil Minister Hayyan Abdulghani (center) meets with his deputies to plan for production cuts in anticipation of a shutdown in southern oil exports on March 2, 2026. (Photo credit: Oil Ministry)